Donald Trump’s World Liberty Financial Taps Chainlink To Boost DeFi Offering

Boluwatife Adeyemi
November 14, 2024
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Donald Trump’s World Liberty Financial Hints At Launch With Latest Proposal

Highlights

  • Donald Trump's World Liberty Financial has partnered with Chainlink to boost its DeFi ecosystem.
  • WLFI will integrate Chainlink Price Feeds as part of the partnership.
  • There are also plans to integrate Chainlink's cross-chain interoperability and proof of reserves for RWAs over time.

Donald Trump’s World Liberty Financial (WLFI) has partnered with Chainlink to help secure its DeFi ecosystem. The DeFi protocol will adopt Chainlink’s standard for on-chain data and cross-chain interoperability to help ensure a successful launch.

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World Liberty Financial Adopts Chainlink’s Standard

The DeFi protocol announced in a press release that it was adopting the Chainlink standard for on-chain data and cross-chain connectivity to help power its platform. WLFI reached this decision after determining that Chainlink was the most secure solution to solve the critical security, interoperability, and on-chain data problems related to successfully launching a leading DeFi platform.

World Liberty Financial believes that this would go a long way as it seeks to kick off the next wave of DeFi mass adoption, as the Chainlink standard will provide their community with the security and reliability needed to succeed in this goal.

Meanwhile, the press release revealed that the adoption of the Chainlink standard will start with the WLFI Protocol integrating Chainlink Price Feeds on the Ethereum mainnet, supporting the planned launch of the World Liberty Financial Aave v3 instance, although subject to the WLFI Governance platform approval process. The WLFI platform is built on the Aave DeFi protocol.

Thanks to the collaboration, WLFI will have access to Chainlink’s infrastructure, which has enabled over $16 trillion in transaction value. The Chainlink Price Feeds will provide the WLFI protocol with a secure and reliable source of financial market data, which is crucial to the protocol’s integration of assets such as USDC, USDT, ETH, and WBTC, among others.

Over time, WLFI will implement additional capabilities from the Chainlink standard, such as cross-chain interoperability and proof of reserves for RWAs.

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Aligning With The Donald Trump Vision

In the press release, World Liberty Financial reaffirmed that its vision is to pioneer further the DeFi space, which is inspired by US President-Elect Donald Trump’s vision to democratize financial opportunities while safeguarding the global standing of the US Dollar.

Additionally, the WLFI Protocol aims to provide users with information and access to third-party DeFi applications, supporting the adoption of US dollar-based stablecoins that ensure the Dollar remains the world’s reserve currency.

Commenting on World Liberty Financial’s partnership with Chainlink, Eric Trump said,

“World Liberty Financial’s partnership with Chainlink marks a huge step forward. Never before have we been more bullish on crypto or the overall future of DeFi technology.”

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several niches. His speed and alacrity in covering breaking updates are second to none. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand. Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing. Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.